Sponsor News
Duke McCaffrey
The Tech Capital interviews Joe McCaffrey at TDME 2023
At the GDCA’s 2023 Touchdown event last year, Joe McCaffrey, CEO of Duke McCaffrey, gives an insightful interview on how the data centre investment landscape has evolved in the GCC region…Read more
Industry News
Dubai
e&’s set to launch world’s largest sub-sea cable
In an effort to achieve greater connectivity across the region, the UAE based carrier, e&, are set to anchor the 2AFRICA subsea cable in the Kalba region of Fujairah. Spanning 45,000km, this will be the world’s largest subsea cable project, fostering interconnection between Europe, Asia, and Africa… Read more
RTA sign agreement with AWS
To best serve their customers, the Roads and Transport Authority (RTA) have entered an agreement with Amazon Web Services, allowing a smooth transition to cloud computing and enhancing their digital capabilities… Read more
Saudi Arabia
Dawiyat are awarded licence to build a cable landing station
Furthering their pledge to develop and foster the digital economy of Saudi Arabia, Dawiyat have announced their plans to build and operate subsea cables across the Kingdom. These new stations will deliver connectivity on a national and international level from telcos to hyperscalers…Read more
PIF announce launch of new tech company
Saudi Arabia’s Public Investment Fund (PIF) have recently launched their new tech company, Alat, in another step to diversify the Kingdom’s previously oil dependent economy. Predicted to create 39,000 new jobs and generate a GDP contribution of US$9.3 Bn by 2030, this ambitious initiative, focused on harnessing the Kingdom’s solar, wind, and hydrogen renewable energy, will be sure to push the country closer to their Vision 2030 finish line…Read more
Kingdom of Bahrain
Alliance Networks completes acquisition of new licence
Granted by the TRA, Alliance Networks have successful been granted an International Facilities License (IFL), allowing the company to partner with global players and deploy international subsea and terrestrial infrastructure across Bahrain. This move follows Alliance’s MoU with Centurion, announcing them a landing party for the TEAS cable system…Read more
Abu Dhabi
Khalifa Fund host their 11th SME Tribe Meetup
Led by pioneering Emirati entrepreneurs in the industrial sector, this annual conference created a platform to discuss how the UAE can best navigate and harness the exponential economic growth and innovation that the region is witnessing in the industrial sector…Read more
Middle East
Sovereign wealth funds lead Middle East M&As
Accounting for nearly 80% of deals last year, government backed funds are dominating the Middle Eastern business market. It is estimated that $81.7Bn of M&As were conducted/funded by the GCCs Sovereign Wealth Funds, brought about by the goal to remould ‘’the economic future of the Middle East, diversifying beyond oil and laying the groundwork for sustainable growth and prosperity’’, comments the consulting firm Bain&Co…Read more